As expected, industrial production in Hungary rebounded in September, according to preliminary figures. Production was up 2.7 percent m-o-m, following a 5.7 percent decrease in August. The sector posted a 5.2-percent increase y-o-y, up from 2.8 percent in August. “The unexpected large August drop was caused mainly by several large German car manufacturing companies closing down for maintenance and retooling at the same time, a change from usual seasonal patterns, and as such a significant rebound was to be expected,” Zsolt Kondrát of MKB was quoted as saying by portfolio.hu.
